Kotak Alternate Asset’s Jitendra Gohil anticipates heightened competition across Indian sectors due to government initiatives and reduced business costs, potentially pressuring earnings despite strong macro fundamentals. He advises investors to be selective, focusing on companies with strong management and the ability to acquire and turn around businesses. FIIs are hesitant due to high valuations, awaiting a correction before returning.
US Stock Market: Wall Street indexes hit record highs as oil falls with Strait of Hormuz declared open
Major US stock indices, including the S&P 500 and Nasdaq, closed at record highs Friday, fueled by optimism over Iran’s decision to open the Strait